Understanding how to boost employee morale and motivation is key to running a successful business. Happy and motivated employees are more driven and productive at work. Hence, they’re likely to perform better as well. On the other hand, unmotivated employees don’t perform at their best capacity and are more likely to be absent from work or quit.
Wondering what can a business do to improve its productivity while juggling its goals to increase annual profits, improve employee engagement, and reach monthly objectives? That’s quite a challenge.
Advancements in remote work technology spurred the growth of remote workers by 159% from 2005 to 2017. The recent global pandemic fueled the trend as businesses restructured their workflows and infrastructures to embrace a new normal.
The global pandemic disrupted life in countless ways, but it also unleashed more lucrative remote working opportunities than we’ve ever seen. Before COVID-19, high-paying remote roles were at 4%. When the pandemic set in at the beginning of 2020, they comprised 9% of jobs. By 2022, that figure had risen to over 15%.
Thanks to technological advancements, the popularity of remote work is at an all-time high. Globally, 16% of companies have a fully remote setup and there’s reason to believe that work-from-home opportunities will only continue growing. After all, it brings great time and cost benefits to employees and employers.
Business managers are perpetually looking for ways to increase productivity. However, these measures must be carefully implemented. Push too little and you may not be maximizing your workforce. Push too hard and your employees may experience burnout.
Productivity has become a buzzword in this age of AI and automation—with more than half of U.S. managers saying robots can do higher quality work than humans.
Productivity is a sign of economic and professional success, so it’s unsurprising that businesses are always chasing after peak efficiency. What’s surprising is many of them choose to equate profitability with the number of hours worked. But this is far from being a best practice.
Companies in the United States lose between $450 billion and $550 billion annually due to the lower productivity of disengaged employees. If you’re worried about your workforce’s performance, it may be time to consider employee monitoring software to improve your company’s resource allocation and bottom line.
